Description

Theory
2

Theory/Practice
1

Laboratory
2

Instructors

Zita Vale

Contents

Energy markets: overview, evolution, and future perspective (2 hours)
Energy market restructuring (2 hours)
Electricity market models Products and services in Electricity Markets (4 hours)
Energy markets and power system current and future paradigms. Energy markets and smart grids (4 hours)
Individual and collective participants (aggregators, energy communities). Local Electricity Markets (2 hours)
Business models and players role. Consumers participation, demand flexibility, and demand response (4 hours)
Economic aspects: costs, tariffs, and prices, price forecasting, contracts (3 hours)
Technical aspects: power system planning and operation in the scope of electricity markets (3 hours)
Electricity market simulation (2 hours)
Decision-support to electricity market players (2 hours)
Research and analysis of bibliographic references; preparation of case studies; scientific paper writing (28 hours)
Adequate methods and models to address selected case studies (28 hours)

Learning Outcomes

Apart its specific goals, the course also contributes to the MSc program general goals, namely: skills concerning research, reading and interpretation of bibliographic references in English; design, writing and oral presentation of scientific work in English and Portuguese.
This course envisages the study of energy markets, their goals and the diverse market operation models, focusing mainly on electricity markets. The course aims at the understanding of the impact of these models adoption in current societies and in power system planning and operation methods, considering technical and economic aspects.